Posts by Liam Redmond
Heavy selling wipes S$1.5 billion off Yangzijiang Shipbuilding’s value as its shares plummet 16%
Shares of Yangzijiang Shipbuilding dived around 16 per cent on Thursday (Feb 27) morning, a day after it posted earnings and in a week when the US proposed to slap fees on Chinese-built vessels entering US ports. Just past 10 am, the shares of the Singapore-listed maritime vessel maker plummeted to roughly S$2.28, building from…
Read More‘Chris Distefano: It’s Just Unfortunate’ Hulu Review: Stream It Or Skip It?
Chris Distefano has built up a huge following on social media, and has partnered up with comedians such as Sal Vulcano, Yannis Pappas, Matteo Lane, anr Mike Cannon to release popular podcasts. But does Distefano have what it takes to stand up on his own as a stand-up? Hulu certainly believes so, making him one…
Read MoreGold gains on Trump tariff worries; US inflation data in focus
GOLD prices edged higher on Thursday (Feb 27) as concerns persisted over US President Donald Trump’s tariff plans, while investors awaited a key inflation report to assess the Federal Reserve’s policy path. Spot gold was up 0.1 per cent at US$2,918.22 an ounce, as at 0018 GMT. US gold futures rose 0.1 per cent to…
Read MoreAcrophyte Hospitality Trust’s H2 DPS falls 46.7% to US$0.01026
Revenue for the period declines 5.2% year on year to US$84.9 million from US$89.5 million previously ACROPHYTE Hospitality Trust’s distribution per stapled security (DPS) for the half year ended December 2024 was down 46.7 per cent at US$0.01026, from US$0.01929 in H2 FY2023. The distribution will be paid out on Mar 28, after the record…
Read MoreNissan CEO Uchida’s future in focus as sources say management shake-up due soon
JAPAN’S Nissan will unveil a shake-up in its top ranks next month, three people familiar with the matter said on Thursday (Feb 27), adding that embattled CEO Makoto Uchida is currently expected to hang on to his job. Reeling in the wake of failed talks to combine with Honda, Japan’s third-largest automaker is set to…
Read MoreStream It Or Skip It: ‘Survivor’ Season 48 on CBS and Paramount+, marking 25 years of the reality competition stalwart
For its 48th season on CBS – and its streaming home on Paramount+ – Survivor returns to Fiji’s Mamanuca Islands, where longtime host Jeff Probst welcomes 18 new castaways. They include firefighters, surgeons, flight attendants, music executives, marketers, financial managers, and pizzeria operators, and they all have their own ideas about how best to play…
Read MoreBumitama Agri’s H2 profit climbs 13.5% to 1.43 trillion rupiah
INDONESIAN palm oil producer Bumitama Agri posted a 13.5 per cent increase in net profit to 1.43 trillion rupiah (S$116.9 million) for the second half ended December, from 1.26 trillion rupiah in the previous corresponding period. This translates to earnings per share of 825 rupiah for H2 2024, up from 727 rupiah in the year-ago…
Read MoreSeven & i says founding family unable to secure funding for US$58 billion buyout
JAPAN’S Seven & I Holdings said on Thursday the retailer’s founding Ito family could not secure the financing required for a US$58 billion management buyout, and it would consider a rival offer from Canada’s Alimentation Couche-Tard. “There is no actionable proposal from Mr. Junro Ito and Ito-Kogyo for 7&i to consider at this time,” the…
Read MoreStocks to watch: ST Engineering, CLI, Yangzijiang Shipbuilding, Sembcorp, Golden-Agri
THE following companies saw new developments that may affect trading of their securities on Friday (Feb 27). ST Engineering: The defence and engineering group on Thursday reported a net profit of S$365.7 million for the second half ended Dec 31, up 19.6 per cent from S$305.9 million in the previous corresponding period. Revenue rose 9.9…
Read MoreBitcoin ETFs are hit by a record US$1 billion outflow in one day
INVESTORS yanked more than US$1 billion from spot Bitcoin exchange-traded funds (ETFs) on Tuesday (Feb 25), marking the biggest one-day outflow since the cohort’s debut last January. Fidelity Wise Origin Bitcoin Fund (ticker FBTC) posted the steepest outflows among these funds, followed by the iShares Bitcoin Trust ETF (IBIT), according to data compiled by Bloomberg.…
Read MoreSembcorp H2 profit rises 14% to S$471 million
SEMBCORP Industries on Thursday (Feb 27) reported a 14 per cent rise in total net profit to S$471 million for the second half ended Dec 31, 2024, from S$412 million in the year-ago period. This accounts for exceptional items including disposal of assets and a gain on a “bargain purchase” on an acquisition in India,…
Read MoreST Engineering H2 Profit Rises 19.6% To S$365.7 Million
ST ENGINEERING on Thursday (Feb 27) reported a net profit of S$365.7 million for the second half ended Dec 31, up 19.6 per cent from S$305.9 million in the previous corresponding period The defence and engineering group’s revenue rose 9.9 per cent to S$5.8 billion from S$5.2 billion. This was mainly driven by the defence…
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